ISKAN incurs KWD 1.5 mln losses in 3 months till 31/03/2011
Kuwait Stock Exchange (KSE) announces that the board of Housing Finance Company (ISKAN), obtained yesterday, Tuesday, 24/05/2011, the approval of the Central Bank of Kuwait (CBK) on the interim financial statements for the fiscal period that ended on 31/3/2011 as follows:
Item
|
3 months ended 31/03/2011
|
3 months ended 31/03/2010
|
Profit (Loss) (KWD)
|
(1.578.700)
|
29.782
|
EPS (LPS) (fils)
|
(5.39)
|
0.10
|
Total current assets
|
77.385.153
|
51.500.741
|
Total assets
|
184.460.977
|
198.251.510
|
Total current liabilities
|
75.974.426
|
77.057.993
|
Total liabilities
|
147.917.331
|
162.393.016
|
Total shareholders’ equity
|
18.405.056
|
20.349.383
|
Expenses of dealings with related parties totaled KWD 189.273, with no related revenue recorded.
Accordingly, the stock will resume trading ten minutes after this announcement.
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